By Canadian Press

Wolfpack looking for new ownership with majority owner David Argyle stepping aside

Aug 3, 2020 | 1:26 PM

Majority owner David Argyle plans to step away from the Toronto Wolfpack with the transatlantic rugby league team, currently in limbo, entertaining new ownership offers.

Wolfpack president and CEO Bob Hunter says the Wolfpack are mulling over separate offers, one from North America and the other from the United Kingdom.

The news comes in the wake of news that Betfred Super League has terminated Toronto’s participation agreement following its withdrawal from the competition last month.

The Wolfpack would now have to enter into a new participation agreement before being able to play in the competition in 2021. While that can be done, the Toronto franchise would likely have to provide assurances about its sustainability.

Citing the global pandemic, the Wolfpack announced July 20 that they could not afford to take part in the remainder of the Super League season. Argyle said his players were free to negotiate with other clubs for the remainder of the 2020 season.

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This report by The Canadian Press was first published Aug. 3, 2020.

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Neil Davidson, The Canadian Press